Use the Following Information for the Next 5 Questions

question 13

Multiple Choice

Use the following information for the next 5 questions.
(CMA) The accountant for Whirly Manufacturing Inc. gathered the following information for the month of November.
-Using the FIFO method, the equivalent units of production for conversion costs are

• A) 85,600 units
• B) 95,200 units
• C) 98,400 units
• D) 101,600 units

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Definitions:

Investing Activities

Transactions involving the purchase or sale of long-term assets and other investments not considered cash equivalents.

Financing Activities

involve transactions related to raising capital and repaying investors, including issuing equity, obtaining loans, and paying dividends.

Direct Method

A cash flow statement preparation approach showing actual cash inflows and outflows from operating activities without adjustments for non-cash transactions.

Operating Activities

Activities that are directly related to the primary operations of the company, including cash inflows and outflows from selling products and services.